Market Profile Analysis dated 23rd Sep 2025

Largest volume (POC) was traded at 25252 F and VWAP of the session was at 25242

Value zones (volume profile) are at 25210-25252-25330

HVNs are at 24772 / 24936 / 25423** (** denotes series POC)

Weekly Charts can be viewed here

(17-23 Sep) - NF continued the imbalance on the upside forming higher highs on the first 2 days of the week hitting 25525 stalling just below an important objective of 25530 and showed signs of profit booking as the series POC shifted to 25424 triggering a probe lower for the rest of the week and a prompt test of previous week's POC of 25164 into the close leaving a Neutral Extreme (NeuX) profile on the downside with overlapping to higher Value at 25271-25424-25478 with the important NeuX VWAP at 25370 which will now be a Swing Supply point

(10-16 Sep) - NF has formed a Triple Distribution Trend Up profile for the week with couple of extension handles at 25125 & 25222 along with completely higher Value at 25123-25164-25353 and a close around the highs so can expect this imbalance to continue at the start of the new week with the Trend Up VWAP of 25163 now being a Swing support for the rest of the series

(03-09 Sep) - NF has formed a Normal Variation profile to the upside stalling right at the weekly extension handle of 25032 (22-28 Aug) with completely higher Value at 24807-24948-24990 with the VWAP at 24807 and has closed around the prominent POC of 24948 which will be the opening reference for the next week

(29Aug - 02Sep) - NF has formed a perfect Neutral Centre profile with completely lower Value at 24612-24684-24774 and looks set to give a move away from the prominent POC of 24684 in the coming week as the new series of September gets into action mode.

The settlement day Roll Over point (Sep 2025) is 24650

The VWAP & POC of Aug 2025 Series is 24718 & 24624 respectively

The VWAP & POC of Jul 2025 Series is 25142 & 25452 respectively

The VWAP & POC of Jun 2025 Series is 25009 & 25109 respectively

Largest volume (POC) was traded at 55729 F and VWAP of the session was at 55619

Value zones (volume profile) are at 55589-55729-55821

BNF confirmed a FA (Failed Auction) at 55994 on 18/09 and completed the 1 ATR target of 55601 on 19/09. The 2 ATR objective comes to 55208

BNF confirmed a FA (Failed Auction) at 55841 on 22/09 and completed the 1 ATR target of 55480 on same day. The 2 ATR objective comes to 55118

HVNs are at 54408** / 54974 (** denotes series POC)

(15-19 Sep) - The weekly profile is a Triple Distribution Trend one to the upside with completely higher Value at 55021-55169-55649 with 2 extension handles at 55193 & 55359 but the upside got capped just below the BRN (Big Round Number) of 56000 as a daily FA at 55994 got confirmed triggering a drop down to the 1 ATR objective of 55601 into the close and took support just above the weekly VWAP of 55554 which will be the all important level in the coming week for the buyers to hold

(08-12 Sep) - BNF has formed a Neutral Extreme profile to the upside leaving a FA at lows of 54332 forming completely higher value at 54497-54880-54960 with the NeuX VWAP at 54711 which will be an important Swing reference for the rest of the series as it looks to get to the 1 ATR objective of 55404 in the coming week

(01-05 Sep) - BNF has formed a Neutral Centre profile with overlapping to lower Value at 54117-54375-54480 after the look down below previous lows showed rejection in form of a buying tail from 53950 to 53915 but the probe higher stalled right at previous week's VWAP of 54643 and closed around the prominent POC of 54375 suggesting a move away in the coming week.

(25-29 Aug) - BNF formed an elongated 1720 points range Tripe Distribution Trend Down profile with the first extension handle at 55480 with a zone of singles till 55081 followed by another one at 54800 as it went on to make new lows of 54005 into the close leaving completely lower value at 54294-54974-55090 with the supply side VWAP at 54643

Weekly Charts can be viewed here

The settlement day Roll Over point (Sep 2025) is 54260

The VWAP & POC of Aug 2025 Series is 55171 & 55131 respectively

The VWAP & POC of Jul 2025 Series is 56751 & 57013 respectively

The VWAP & POC of Jun 2025 Series is 56200 & 56608 respectively